Financial management is pivotal within First Nations communities, serving as a cornerstone for Indigenous sovereignty, self-determination, and cultural and linguistic continuity. This workshop discusses specialized contents relating to financial variance management frameworks applicable to First Nation communities. It is of particular interest for First Nation government board members. Please request information from us at events@praxis-forum.com.
Financial variance management in Canada operates within a highly structured, cyclical framework, particularly within the federal government, which follows a fiscal year from April 1 to March 31. This cycle involves continuous monitoring, forecasting and reporting to manage variances, the discrepancies between planned budgeted financial forecasts and actual monthly and year-end expenditures to ensure compliance with parliamentary approvals and financial administration laws and regulations.
Please request information from events@praxis-forum.com.